Sipa Resources Limited announced that assay results have been received from its recent aircore (AC) drill program at its 100%-owned Warralong project. The program was designed to test a narrow geophysical feature located on the edge of an interpreted structure not previously accessible. Thirty five holes for 1,054m were drilled in the program at 50m centres on 400m spaced lines.

Drilling intersected granitic and mafic basement rocks, consistent with the geophysical response. Assay results did not show any anomalism compared with background levels and the target has been adequately tested. Sipa's Warralong project covers more than 1,000km sq.

along major structures in a similar geological setting to nearby discoveries including the Hemi gold deposit, but with almost no previous exploration. Sipa has identified multiple additional targets within the Warralong project based on previous work and these targets will be prioritised for drill testing in 2023.